Crimson Forge had the following account balances at the end of Year 1:
Sales revenue $1,400,000 Selling expense $180,000
Foreign currency translation adjustment, gain 6,250 Interest expense 16,000
General and administrative expense 142,500 Cost of goods sold 792,500
Gain on sale of investments 10,750 Interest income 8,150
The company's tax rate was 25%.
Crimson Forge reported $
Select one:
? a. $4,687
? b. $8,063
? c. $17,000
? d. $12,750
? e. $6,250
in Other comprehensive income in its Statement of Comprehensive Income in Year 1.